| 
April 20, 2023After closing at 1.6313 yesterday, EUR/AUD opened today at 1.6318, to be greeted by bearish sentiment that overshadowing today's price action. Irrespective of the bearish mood, EUR/AUD retains a distinct 1.6217 to 1.6361 daily range.
Euro-Aussie dollar is currently trading at 1.6275 following the release of ECB Publishes Account of Monetary Policy Meeting data from the Euro Zone.
Amid the market gloom, Euro Zone Consumer Price Index came out at 6.9%, while a consensus of analysts was expecting 6.9%. Euro Zone Trade Balance (Feb) released today at 09:00 UTC with a figure of 4.6 billion, while the previous figure was -30.6 billion. Spain 10-Year Obligacion Auction released today at 08:40 UTC with a figure of 3.509, while the previous figure was 3.401.
In the meantime, negative performances are seen in other pairs, USD/CHF draws back 0.41% to trade around 0.8938.
Positive performances can be seen by looking at other currencies as having closed the previous session at 2.0046, GBP/NZD is up 0.56% today to currently trade at around 2.0159. Having closed the previous session at 1.765, EUR/NZD is up 0.69% today to currently trade at around 1.7771.
Furthermore, Euro Zone Manufacturing PMI figure is projected at 48. It previously stood at 47.3; data will be released tomorrow at 08:00 UTC. France Services PMI figure is projected at 53.4. It previously stood at 53.9; data will be released tomorrow at 07:15 UTC. Euro Zone Composite PMI is expected tomorrow at 08:00 UTC.
The currency pair has been trending positively for about 2 months. Having set a peak of 1.6417 around 8 days ago, Euro-Aussie dollar is now trading 0.63% below this level.
